This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The above figure shows the cost curves for a typical firm in a competitive market. From the graph, ... (Read 58 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Jul 1, 2018
The above figure shows the cost curves for a typical firm in a competitive market. From the graph, estimate the firm's profits when price equals 10 per unit.
 
  What will be an ideal response?

Question 2

A physical examination is NOT a good screening device for life insurance companies if
 
  A) life-threatening diseases are usually undetected.
  B) doctors cannot be easily bribed to write a good report.
  C) medical history is a good predictor of life expectancy.
  D) one's current state of health is a good predictor of life expectancy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 1, 2018
Answer to Question 1

When price = 10, p = MC when q = 60. TR = 600. The AC is just above 8.5, say 8.6. This yields TC = 516. The firm's profit is estimated to be around 84.

Answer to Question 2

A


crazycityslicker

  • Member
  • Posts: 537
Reply 2 on: Jul 1, 2018
Gracias!

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int
Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris
This image shows the spread of droplets from an uncovered sneeze. This image shows the spread of droplets from an uncovered sneeze.
Finding the graph of a Parabola using certain values Finding the graph of a Parabola using certain values
A melting profile shows the increase in UV absorption versus temperature A melting profile shows the increase in UV absorption versus temperature
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library